NYSE Euronext European cash market members trade in the capacity of either broker, entitled to trade exclusively for third parties, including other members, or dealer, entitled to trade exclusively for their own account. It is possible to combine both membership capacities and become a broker-dealer.
Every member must have a clearing agent on the cash market. If the member is not self-clearing, it can ask a general clearing member (GCM) to act on its behalf. There are many GCMs across Europe that can provide this service.

Simple regulatory procedures
The European Investment Services Directive (ISD) passport is assigned by the member’s home authority and allows it to become a remote member and provide the same investment services inside the Euronext zone as in its domestic market.
By making just one application, customers can access all of NYSE Euronext’s European regulated cash markets. Cash market members can follow a simpler membership connection procedure for NYSE Arca Europe. Click here for more information on NYSE Arca Europe.

Costs
There are no application fees to join the Euronext Cash Market and no ongoing annual membership fees. Trading fees are harmonized across all our markets. For details of trading fees, click here

Connection
Euronext offers organizations the benefits of a single trading platform, the Universal Trading Platform, which is a multi-market, multi-geography and multi-regulation exchange platform for all NYSE Euronext markets, in partnership with different clearing houses, and offering common delivery and settlement services.

Customers can choose between different access solutions depending on their requirements.

For further information about Euronext membership, please contact membership@euronext.com.

To view general documentation pertaining to the Euronext markets, including the Euronext Rule Book and the Euronext Cash Market Trading Manual, please click here: Euronext Rules & Regulations